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INVESTMENT STRATEGY
SPP seeks investment
opportunities sponsored by experienced developers within
under-served yet growing urban markets. Unproven markets require
developers and investors to take a leap of faith. SPP seeks the
“double bottom line” of achieving the best risk/return relationship
for the fund while improving the communities in which we invest.
The firm listens to the
priorities of the development team, then creatively designs an
investment structure to align the interests of all parties.
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Investment Structures |
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Partner equity (pari
passu) |
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Preferred equity
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Subordinated debt
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Use of
Funds |
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New construction
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Adaptive re-use
(rehabilitation) |
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Selective
re-positioning
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Maximization of Incentives |
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Research available
tax credits and incentives |
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Monetize incentives
in a primary or secondary market |
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Reduce overall
project risk and enhance return
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Patient, Informed Capital |
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Developers retain
control |
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Exits designed to
comply with tax credit requirements |
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Investment for
long-term capital gain
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